ITU Ventures

ITU Ventures is an investment firm focused on supporting technology businesses that emerge from prominent universities, research institutions, and corporations. The firm primarily targets startup companies located in California, New Mexico, and the Midwest region of the United States. ITU Ventures specializes in investing within the software, semiconductor, and commercial product sectors, aiming to nurture innovative ventures that have the potential for significant growth and impact. Through its strategic investments, ITU Ventures seeks to foster the development of cutting-edge technology and drive advancements in various industries.

Andrew Murray

Principal

Past deals in New Mexico

Comet Solutions

Series A in 2007
Comet Solutions, Inc. specializes in developing engineering simulation applications aimed at enhancing the automation of modeling and simulation tasks in product development. Founded in 2001 and headquartered in Cincinnati, Ohio, the company offers a range of software solutions, including SimApps and Gearbox SimApps, which allow manufacturers to conduct "what if?" analyses, assess design modifications, and optimize performance across various domains such as acoustics, dynamics, durability, and cost management. These applications facilitate collaboration among design and engineering teams by enabling non-experts to perform simulations and adhere to best practices. Additionally, Comet Solutions provides a process automation platform for computer-aided engineering (CAE), simulation templates, and consulting services. Its products cater to diverse industries, including space systems, consumer products, electronics, and automotive applications. Comet Solutions also maintains offices in Albuquerque, New Mexico; Troy, Michigan; Shanghai, China; and India.

Comet Solutions

Series A in 2006
Comet Solutions, Inc. specializes in developing engineering simulation applications aimed at enhancing the automation of modeling and simulation tasks in product development. Founded in 2001 and headquartered in Cincinnati, Ohio, the company offers a range of software solutions, including SimApps and Gearbox SimApps, which allow manufacturers to conduct "what if?" analyses, assess design modifications, and optimize performance across various domains such as acoustics, dynamics, durability, and cost management. These applications facilitate collaboration among design and engineering teams by enabling non-experts to perform simulations and adhere to best practices. Additionally, Comet Solutions provides a process automation platform for computer-aided engineering (CAE), simulation templates, and consulting services. Its products cater to diverse industries, including space systems, consumer products, electronics, and automotive applications. Comet Solutions also maintains offices in Albuquerque, New Mexico; Troy, Michigan; Shanghai, China; and India.
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